CAP Definition

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CAP is a series of European interest rate call options used to protect against rate moves above a set strike level.

Learn new Accounting Terms

DISABILITY INSURANCE, in the United States, is a payroll tax required in some states that is deducted from employee paychecks to insure income during periods where an employee is unable to work due to an injury or illness.

GROSS PAY is employee salary prior to the application of taxes and other deductions.

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